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Digiliti Money plans to delist from Nasdaq

Financial trouble in fintech paradise

Digiliti Money (DGLT), which is in merger negotiations with Urban FT, is planning to delist from the Nasdaq, according to its most recent SEC filing. Paybefore (Banking Technology‘s sister publication) reports that the Minneapolis-based mobile banking technology provider said it received notice from Nasdaq’s Listing Qualifications Department indicating its noncompliance with the stock market’s majority […]

Fintech funding round-up: 22 September 2017

Funding

There was a round-up yesterday because fintech funding won’t go away. More action featuring Tuition.io, Apiax and Etch. Tuition.io, a US-based employer-funded student loan repayment assistance platform, has announced a $7 million Series B funding round led by Wildcat Venture Partners with participation from existing investors Mohr Davidow Ventures and MassMutual Ventures, the corporate venture […]

FinovateFall 2017: a look back at the four-day flow

FinovteFall 2017

Adding a pair of discussion days to Finovate’s traditional demo days format, has made it that much easier for FinovateFall attendees to answer the question perennial post-conference question: “So. What did you think?”

Malauzai’s digital banking does the business for Somerset Trust

Somerset Trust

Courtesy of its partnership with Malauzai, Somerset Trust Company is extending its digital banking service to its business customers. The West Pennsylvania-based community bank will use the same MalauzaiOne digital banking platform it rolled out to retail customers last year, giving business users digital access to their accounts and ways to manage payments and receivables, reports […]

Sun Life looks for life with fintech start-ups

Sun Life Financial Inc--Sun Life Financial-s new headquarters

With the unveiling of its new corporate headquarters at One York Street in Toronto, Sun Life Financial has made it loud and clear it’s on the prowl for fintech start-ups. The super-shiny, 35-storey, 800,000 square foot office tower, is a mighty site/sight and will offer connection to Toronto’s Union (railway) Station and PATH network (i.e. […]

Gulf Coast Bank & Trust turns to nCino for cloud-based lending

nCino

Louisiana’s Gulf Coast Bank & Trust has gone live with nCino’s cloud-based Bank Operating System, “increasing the efficiency and speed” of the commercial loan process. According to nCino, Gulf Coast Bank & Trust, a 113-year-old bank with branches throughout southeastern Louisiana, identified the need to replace numerous siloed systems with a solution that would automate […]

Raise pulls in $60m funding, PayPal joins party

raise 1

Raise, which bills itself as the world’s largest gift card marketplace, has raised $60 million in a Series C funding round led by Accel, with participation from PayPal and existing investors New Enterprise Associates and Bessemer Venture Partners. This new financing brings the total capital raised by the Chicago-based company to more than $147 million, […]

Apple users likely to reject facial recognition – Juniper survey

Apple

A new survey conducted by Juniper Research has found that more than 40% of Apple iOS users in the US consider themselves unlikely to use facial recognition as a payment security technology. This suggests that a core use case for the iPhone X’s main security feature may struggle to gain traction among consumers, the consultancy […]

JP Morgan Chase goes in for the Bill for digital payments platform

jp morgan chase

JP Morgan Chase has teamed with Bill, the largest digital business-to-business (B2B) payments network in the US, for its new paytech platform. This B2B solution, to be rolled out next year, will be integrated into Chase’s digital platform for businesses, used for online and mobile solutions. Andrew Kresse, CEO of business banking at JP Morgan […]

Amplify Credit Union to swap legacy core processing tech for Fiserv DNA

Amplify Credit Union

Amplify Credit Union is converting from its legacy core processing software provider to Fiserv and its DNA platform. DNA will become the credit union’s “new foundation for its member-centric technology strategy”, Fiserv says.

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